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December 22, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > General Automotive Repair Loan | ||||
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Houston, Texas Bank for SBA Loans
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Small Business Loans for General Automotive RepairLooking for small business loans for general automotive repair? Try the SBA. This $280,000 general automotive repair loan was issued by a Louisiana bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Whitney National Bank, out of New Orleans, Louisiana. The loan was granted and they received $280,000 to help grow their Houston, Texas business. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender WHITNEY NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 4/12/2005 Loan Approval Gross Amount $280,000 Loan Approval from the SBA Of the total $280,000 loan amount, the SBA guaranteed $210,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Whitney National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Banks in New Orleans, Louisiana
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